FDA Calculates Costs of Lost Enjoyment if E-Cigarette Rules Prevent Smoking

Home / June 2014 / FDA Calculates Costs of Lost Enjoyment if E-Cigarette Rules Prevent Smoking

FDA Calculates Costs of Lost Enjoyment if E-Cigarette Rules Prevent Smoking

June 2, 2014~ As U.S. health regulators consider what rules to impose on electronic cigarettes, in their tally of costs and benefits they have placed a value on the lost pleasure consumers may suffer if they used the products less or not at all. The U.S. Food and Drug Administration says in a little-noticed document released alongside its proposals for regulations in April that the projected benefits of the new rules, which also apply to cigars, hookahs and other vapor products, should be cut by 70 percent to account for the deprivation consumers would suffer. That means if the agency puts a value of $100,000 on the longer and improved life that might be achieved by deterring someone from smoking, then it would cut that benefit assessment to $30,000 because of the pleasure they lost.The approach is regarded as radical among those who have done cost-benefit studies for regulators.

For More Information, Click HERE.

Recent Posts

Leave a Comment